Hotel And Restaurant Employees Health & Welfare Trust Fund
- Assets
- $14.3m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 94-1229312
Organization Overview
Hotel And Restaurant Employees Health & Welfare Trust Fund is located in Seattle, WA. The organization was established in 1958. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hotel And Restaurant Employees Health & Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Hotel And Restaurant Employees Health & Welfare Trust Fund generated $15.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $13.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 746 ELIGIBLE PARTICIPANTS COVERED BY COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE UNIONS AND THE EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Cornford Chairman | OfficerTrustee | 5 | $0 |
Lian Alan Co-Chair | OfficerTrustee | 5 | $0 |
Jose Zarate Trustee | Trustee | 5 | $0 |
Taylor Hudson Trustee | Trustee | 5 | $0 |
Yulisa Elenes Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,467,217 |
| Investment income | $262,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,999,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $13,459,162 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $147,743 |
| Fees for services: Legal | $22,241 |
| Fees for services: Accounting | $65,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,718 |
| Fees for services: Other | $146,377 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,809 |
| All other expenses | $0 |
| Total functional expenses | $13,872,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,823 |
| Savings and temporary cash investments | $5,113,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,400,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $703 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,315,020 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,313,430 |
| Accounts payable and accrued expenses | $26,051 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,535,577 |
| Total liabilities | $2,561,628 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,751,802 |
| Total liabilities and net assets/fund balances | $14,313,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retail Clerks Trust Fka United Food And Commercial Workers Welfare Tru Spokane, WA | $47,661,813 | $45,602,470 |
Omnitrade Health Tr Mukilteo, WA | $1,606,758 | $33,386,840 |
Idaho Power Company Voluntary Employees Beneficiary Association Boise, ID | $41,463,808 | $26,523,416 |
Retirees Welfare Trust Seattle, WA | $113,632,369 | $46,106,899 |
Oregon Laborers-Employers Health And Welfare Trust Fund Portland, OR | $48,314,268 | $38,454,767 |
Alaska Teamster-Employer Welfare Trust Anchorage, AK | $18,961,655 | $35,497,250 |
Agc-International Union Of Operating Engineers Seattle, WA | $75,938,944 | $31,529,799 |
Teamsters 206 Employers Trust Portland, OR | $49,828,794 | $33,002,069 |
Oregon-Washington Carpenters Employers Health And Welfare Fund Seattle, WA | $0 | $86,042,069 |
Sheet Metal Workers 100 Welfare Fund Portland, OR | $59,368,211 | $34,276,972 |
Washington Farm Bureau Health Care Tr Spokane, WA | $5,135,091 | $28,908,709 |
South Bay Hotel Employees Restaurant Employees Welfare Fund Seattle, WA | $47,078,146 | $31,588,354 |